Early-retirement wannabe
Comments
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You are clearly not retired lol.
I guess it's a moveable feast.
Would I be retired if still indulging in a few hobbies that just so happen to make money?
What's important to me is that our pensions and other investments can (if we switch from investing to divesting) generate the same net "take home" as I got from working. This gives me lots of options including the option to still make a few bob on the side while having fun.
Mind you, it was a shock to have to get up early and get on my bicycle to bomb off (in the snow!) to a director's meeting!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Sounds like working part-time to me. Once I am retired, I will never be in the situation where I have to go to a meeting if I don't feel like it. I won't be reading pre-meeting briefing notes, staying current on technology trends or any of the stuff that doing "a bit of work" really entails.gadgetmind wrote: »I guess it's a moveable feast.
Would I be retired if still indulging in a few hobbies that just so happen to make money?
What's important to me is that our pensions and other investments can (if we switch from investing to divesting) generate the same net "take home" as I got from working. This gives me lots of options including the option to still make a few bob on the side while having fun.
Mind you, it was a shock to have to get up early and get on my bicycle to bomb off (in the snow!) to a director's meeting!
If you have hobbies, then if they can generate some income that's great. As my name implies, one of my hobbies is music, I tried for many years to make it in a band (and failed miserably) but I still write, play and record my own music in a home studio. Spending time making music will be one of my main projects, and it would be great if I could sell some of my stuff through iTunes and the like. But if it took off on the internet and that meant I had to go on a world tour, I would not say I was retired....... Mind you, the likelihood of that happening is zero :rotfl:0 -
OldMusicGuy wrote: »staying current on technology trends
I think that I'll always do that!
I have a product designed that I could easily flog on ebay, and make £1k-£2k per month profit, but I'd have to start another limited company and that's really starting to sound like "not retired"!Spending time making music will be one of my main projects, and it would be great if I could sell some of my stuff through iTunes and the like.
I once employed a guy as an artist who was also in a band. The others were (by mutual agreement) a "bit more serious" than he was, so he left. Two weeks' later someone or other in Pink Floyd started to take an interest in said band and started to nurture/advise them.But if it took off on the internet and that meant I had to go on a world tour, I would not say I was retired....... Mind you, the likelihood of that happening is zero :rotfl:
We made him an "I was nearly discovered by Pink Floyd" badge but the ungrateful sod didn't even say thank you!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
I am 55 and had 10 months of "full retirement" after being made redundant two years ago. That was great and I really enjoyed it. I got fit, spent loads of time in the great outdoors, enjoyed my hobbies and got some qualifications (Diploma in regulated Financial Planning), none of which I never had much of a chance of doing when slaving at the day job.
After 10 months, I went back to work part-time contractor 3 days per week (same company that made me redundant). I have no regrets about that. It does help on the financial side and is in an area for which I am a specialist, so nice to use that knowledge. I work from home mostly and avoid all the office politics that came with the full-time role.
It made my OH much happier that I am now bringing in some dough, so that was beneficial. Having 4 day weekends is great too.
The most important bit though is that I am in control of my life as far as that is possible. Who knows what will happen when the contract ends. Maybe I will find another. Maybe not. Whatever, I will find things to do. I'd like to study economics and that could be my next challenge.0 -
I also wonder if the choice of time of year made a difference here. Marine_life noted just a 'couple of months' away from work. Winter months are different to summer ones. In the winter I consolidate a lot of indoor activities, retreat to indoor exercise, and generally 'regroup'. In the summer I aim to be out and about more or less the entire time.ex-pat_scot wrote: »I guess this demonstrates the adage "retire TO", rather than "retire FROM"...
In a country where sunshine and good weather is severely rationed even at the best part of the year, retiring at the start of summer rather than into the teeth of winter can make a huge difference to the experience.0 -
So maybe you won't ever fully retire. It sounds like tech is more than "just a job" to you. I've worked in finance and technology for 40 years but it's never been anything other than work. Although I have found it very interesting, the interest has waned completely and I won't be paying any more attention to it once I retire.gadgetmind wrote: »I think that I'll always do that!
Also, as someone on the consulting side of things, I am in this Kafka-esque situation of seeing people make the same mistakes over and over again and it gets a bit dispiriting after a while!
Retirement doesn't always suit people, as Marine Life has highlighted. A friend of mine (who was in a band with me many years ago) sold out his share of a technology business quite a while ago and "retired" to a place in the country. But he started recording non-copyright downloadable musical ringtones in the early days of such things. He set up a few servers in one of his outbuildings so people could download them and within a couple of years this had grown into a full business and he's now CEO of a tech business turning over millions of pounds. I don't think he will ever retire.gadgetmind wrote: »I have a product designed that I could easily flog on ebay, and make £1k-£2k per month profit, but I'd have to start another limited company and that's really starting to sound like "not retired"!
Nothing wrong with that btw. It's important to decide what you really value in life, and for some people, work is really important. He's employing people, creating jobs and paying taxes. None of which I plan to do!0 -
I didn't have a choice about stopping work when I was 54. I sort of started again in a totally different area by investing in property With the tax changes I started using a Ltd company for new purchases. So I am employed and self-employed. But since I use agents I do less than 80 hours a year, so consider myself pretty much retured.
When I was working I did not have enough time to so every thing I wanted to. I still don;t.0 -
After over 30 years of being pretty full on I am working hard on being lazier... I ocassionally (very occasionally) feel guilty about having a lazy day and not achieving much but they are still the exception and I tell myself I've earned it. It's rather nice.
If you are blessed with super high energy levels and everlasting batteries then I guess you can go on longer (Duracell bunny style) but we nearly all have a time when enough is enough. You have to admire the Murdoch's, attenboroughs and buffets for their staying power!0 -
gadgetmind wrote: »I guess it's a moveable feast.
Would I be retired if still indulging in a few hobbies that just so happen to make money?
What's important to me is that our pensions and other investments can (if we switch from investing to divesting) generate the same net "take home" as I got from working. This gives me lots of options including the option to still make a few bob on the side while having fun.
Mind you, it was a shock to have to get up early and get on my bicycle to bomb off (in the snow!) to a director's meeting!
Be careful of bombing/biking in the snow. I had a cyclist try to commit suicide under my car, going up the mountain on icy roads. I was hemming and hawing about passing him, but decided to do it. At that moment he went down sideways, right under where my wheels would have been- but I wasnt there.
Scared the Cr*p out of me, not sure what it did to him (but saw him get up in my rear view).0 -
Be careful of bombing/biking in the snow.
I've been cycle commuting for 18 years and do it no matter what the weather as every other mode of transport sucks rocks for this trip.At that moment he went down sideways, right under where my wheels would have been- but I wasnt there.
Scared the Cr*p out of me, not sure what it did to him (but saw him get up in my rear view).
Passing distance is at least 1.5m in good weather, and massively more than that in the snow.
Anyway, glad everyone was OK.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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